Wednesday, September 17, 2008

The Joey Knuckles of Today

In the old days when loan sharks loaned money to you and you defaulted on the loan, they sent Joey Knuckles out with a ball bat to break your kneecaps. If Joey was caught, he went to jail.

The Joey Knuckles have for the most part been replaced today by a group called the Foreclosure Folks. Today when a mortgage company gets you a mortgage you can’t repay, the Foreclosure Folks kneecap you in a new less physical way, they simply take your house away. But when these Foreclosure Folks get caught, they aren’t punished the way Joey was, today they are rewarded with a government bailout to cover their losses.

our liberal government forces banks to extend credit to uncreditworthy borrowers, then is shocked...shocked! when they default, and bails them out with money taken from people who do not borrow irresponsibly. And you feel sorry for the idiots who lose tier house.Pay your mortgage, you'll keep your house.....

I prefer the brass knuckles myself, but it's amazing how many beat downs this Administration has delivered to regular folk while handing away the store to people who ran their businesses into the ground. Well those failures have a strong supporter in Bush..After all, he's failed at pretty much everything he's ever done, except getting elected.